QNB becomes the first bank in Middle East&Africa to open a branch in India's GIFT City

DOHA, Qatar,May 7, 2025/PRNewswire/ -- QNB, the largest financial institution in theMiddle EastandAfrica(MEA), has become the first bank from the MEA region to open a branch in GIFT City in Gujarat,India'sfirst international financial centre &special economic zone.

Commenting on the launch of the new branch, Mr.Abdullah Mubarak Al Khalifa, CEO of QNB Group, said:"India'sbanking sector is poised for rapid growth on the strength of robust economic growth prospects, and banks have demonstrated strong operational performance along with improving asset quality. With the opening of the GIFT City branch, QNB is expanding its footprint at an opportune time when Indian corporates are seeking strong banking partners for supporting their growth plans. Combined with QNB's global outreach and expertise, as well as its pioneering role in shaping the international financial landscape,Indiapresents long term growth opportunities for wholesale banking."

Mr.Ali Darwish, Senior Executive Vice President of International Business at QNB Group, said:"Indiais one of the world's fastest growing large economies and on track to become a major global supply chain and manufacturing hub.India'sforeign exchange reserves exceedUSD 650 Billion, ranking amongst the world's largest. With the new branch in GIFT, QNB has enhanced its product suite with a multi-currency proposition."

"The GIFT branch will strengthen QNB's extensive regional& international network in 28 markets across 3 continents,"he added.

"QNB is expanding its presence inIndia& the new branch in GIFT offers a wide range of liability as well as credit focused products. The branch will support customers located onshore inIndiaas well as offshore with their funding requirements in foreign currency,"said Mr.Gaurav Gupta, CEO of Qatar National Bank inIndia.

QNB established its first bank branch inIndiain 2017, which has grown rapidly to support international banking requirements of Indian corporate and institutional clients. QNB India is a Scheduled Commercial Bank providing full-fledged banking services across the country. QNB India focuses on credit solutions for structured trade& working capital financing as well as long tenor loans for bespoke end uses.

Contact:prteam@qnb.com 

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SOURCE QNB Group